CMA CGM caps its rates. What does this mean for container shipping?

France’s CMA CGM, the world’s third-largest ocean carrier, will cease all increases in spot rates worldwide through Feb. 1, effectively immediately.

At first blush, the decision sounds like a game changer. But even if other carriers make similar announcements, how much of this is genuine mercy toward customers that will have bottom-line effects related to spot capacity that is still actually available — and how much is public relations?

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